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Feb 21, 2013
02/13
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FOXNEWSW
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. >> eight days from now, a tremor will hit the american economies by impacting the people who work in the food safety area of usda. >> terrible consequences to public halve. >> the country less safe and the communities less safe as a result of sequester. >> the air air traffic controllers. >> 750,000 americans will not have jobs. >> now, you would think they way they're talking, the sequestration next week, we're all eating con tam it inned meat next week. i say these cuts go through we'll all be eating mr. ed here. >> what kind of a name is ed for a hours. >> what kind of name is wilbur for man. >> that's -- >> what a bunch of horse you know what. leaving aside all the other cuts, the agriculture department could pursue, if it really has to due really think the first thing they'll butcher is policing the butcher andry'll stop giving hundreds of towns of memory ill patients their mets and letting them go on the streets? we told you many times the 85 cuts hair talking about in the seem of thing ises chump change. $16 trillion debt. and as to all of is here, we risk cutting ourway way t
. >> eight days from now, a tremor will hit the american economies by impacting the people who work in the food safety area of usda. >> terrible consequences to public halve. >> the country less safe and the communities less safe as a result of sequester. >> the air air traffic controllers. >> 750,000 americans will not have jobs. >> now, you would think they way they're talking, the sequestration next week, we're all eating con tam it inned meat next week. i...
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Feb 20, 2013
02/13
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MSNBC
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continued his plea to the public and to congress saying that this is going to be devastating for the economy, he wants congress to act and it comes one day after a bipartisan commission released a new plan that would detail $2.4 trillion cuts over 12 years. mara? >> thank you. >>> we'll have more on those budget cuts and other political stories later in the show. >>> he was being considered for a big show, but now general john allen has announced that he's retired. he completed 19 months as top commander in afghanistan, instead of taking the new job, he'll retire to help his wife deal with health issues. here's your "first look" at the dish of scrambled politics americans still don't like congress very much. 15% approve of the job that the lawmakers are doing, up one point from last month. >>> deanny hoyer said that the 2016 presidential race is easy to predict, if hillary clinton decides to win, she'll clear the field. >>> tea party group has apologized for sending out a e-mail that was photo shopped to make karl rove look like a nazi to help raise funds. >>> choosing candy crowley to moder
continued his plea to the public and to congress saying that this is going to be devastating for the economy, he wants congress to act and it comes one day after a bipartisan commission released a new plan that would detail $2.4 trillion cuts over 12 years. mara? >> thank you. >>> we'll have more on those budget cuts and other political stories later in the show. >>> he was being considered for a big show, but now general john allen has announced that he's retired. he...
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Feb 21, 2013
02/13
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WJLA
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growing expectations of a eight- ripple effect to the economy especially here in our region if the deal is not reached between the white house and congress. leon panetta said the vast majority of the defense department's 800,000 civilian workers would be furloughed one day a week after 22 weeks. d.c. virginia, and maryland are expected to be hit the hardest. the impact on many of you in the private sector. >> brenman garay said he gets a lot of business from people who stay at nearby hotels on government related business. >> during that time there will be in two or three times a week. or more. >> if the 10% cuts go through he is worried what the impact will be on small businesses like his. >> of the will not be coming in town or there will be more for when they are here. >> the defense department announced a plan that would get our region harder than anyone else along with the rest of the federal cut sprayed it could have a devastating impact on the economy. >> it will have a big impact on travel. >> fewer passengers would use our local airports. and it would hurt car trouble that is al
growing expectations of a eight- ripple effect to the economy especially here in our region if the deal is not reached between the white house and congress. leon panetta said the vast majority of the defense department's 800,000 civilian workers would be furloughed one day a week after 22 weeks. d.c. virginia, and maryland are expected to be hit the hardest. the impact on many of you in the private sector. >> brenman garay said he gets a lot of business from people who stay at nearby...
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Feb 20, 2013
02/13
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WBAL
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and that's going to trickle down into the economy. now that announcement comes one day after president obama called on congress to act. >>> vice president joe biden is offering up advice on the best way to defend yourself in you with a firearm. in a facebook meeting tuesday, biden talked about the white house efforts to restrict the size of ammunition clips and other proposals. during that chashgts biden said the best thing foreprotection is a shotgun. >> put that double-barrel shotgun and fire two blasts outside the house. i promise you, whoever is coming in is not going to -- you don't need an ar-15. it's harder to aim. it's harder to use. and in fact, you don't need 30 rounds to protect yourself. buy a shotgun. >> buy a shotgun. all right. biden said he keeps two shotguns locked up at home and he's told his wife jill to use them if necessary. >>> he's been considered for a big new job but marine general allen said he's retiring. general allen just completed 19 months as top commander in afghanistan, but instead of taking the new jo
and that's going to trickle down into the economy. now that announcement comes one day after president obama called on congress to act. >>> vice president joe biden is offering up advice on the best way to defend yourself in you with a firearm. in a facebook meeting tuesday, biden talked about the white house efforts to restrict the size of ammunition clips and other proposals. during that chashgts biden said the best thing foreprotection is a shotgun. >> put that double-barrel...
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Feb 21, 2013
02/13
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MSNBCW
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we have never cut government jobs when we were trying to save the economy, until this time. and now that we are finally stumbling back from the depths of recession, we are still trying to cut government jobs. look at this, more than 70,000 government workers were canned when the recession began. the government sent 9,000 government workers home with a final paycheck, good luck, officer, see you around. so chart imitates life. we lionize and celebrate the people who fix the math, and rescue us from fires. we lionize and celebrate them justly as we should. and then in record numbers we can them, hurting them and us as a country. not every public sector worker is going to win the medal of valor like those at the white house today. but there is reason to appreciate them, both in the heroic and in the specific, and in the aggregate, for what they do for us every day. that does it for us, we'll see >>> good thursday morning. right now on "first look" -- the oscar pistorius murder investigation gets even more complex as the lead detective is facing multiple murder charges stemming
we have never cut government jobs when we were trying to save the economy, until this time. and now that we are finally stumbling back from the depths of recession, we are still trying to cut government jobs. look at this, more than 70,000 government workers were canned when the recession began. the government sent 9,000 government workers home with a final paycheck, good luck, officer, see you around. so chart imitates life. we lionize and celebrate the people who fix the math, and rescue us...
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Feb 22, 2013
02/13
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KQED
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japan used to be the most powerful economy in the region but china has grown, a lot of it is due to the help that japan has given it. but now china feels that its day has returned. >> and in fact it surpassed japan just in economic test. >> that's right. and it is now building up a military capable which is still interior to that of japan. and definitely inper-- inferior to that of the united states but they feel now that china can't be pushed aroundment and they want to assert themselves. and so when their territorial interests are being challenged, then they push very hard. the other reason is-- . >> warner: were you talking about japan or china. >> china. >> warner: and what about japan? >> then japan feels that it is on the defensive. that if it does not show kind of firmness and resolve, then it invites further intimidation and bullying on the part of china. so even though the intrendic interests of these islands may be marchial by giving in to chinese intimidation, they feel then that that is kind of rewards that bullying on the part of china. >> warner: there s of course, these u
japan used to be the most powerful economy in the region but china has grown, a lot of it is due to the help that japan has given it. but now china feels that its day has returned. >> and in fact it surpassed japan just in economic test. >> that's right. and it is now building up a military capable which is still interior to that of japan. and definitely inper-- inferior to that of the united states but they feel now that china can't be pushed aroundment and they want to assert...
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Feb 23, 2013
02/13
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KQED
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does the economy have enough kick in it to withstand the sequester? and a big win for activist investor david einhorn in his fight to get apple to share the wealth, with its shareholders. that and more tonight on "n.b.r."! if you get a paycheck, no doubt you have seen it shrink this year. higher payroll taxes have taken 2% out of working americans take home pay. at the same time, gasoline prices have been rising and fast. together, this cuts into the spending power of consumers, and that's bad news for a host of companies, from restaurants to retailers. erika miller reports on how some of these firms are trying to fight back against the pay pinch. >> reporter: virtually every worker in america is taking home 2% less in pay this year because of higher payroll taxes. that's not just bad for consumers, it's also bad for businesses. three out of four households are cutting spending to cope with lower pay. for one out of three households, it means eating out less. consumers are also changing where they dine. >> we are moving from casual dining, down to fas
does the economy have enough kick in it to withstand the sequester? and a big win for activist investor david einhorn in his fight to get apple to share the wealth, with its shareholders. that and more tonight on "n.b.r."! if you get a paycheck, no doubt you have seen it shrink this year. higher payroll taxes have taken 2% out of working americans take home pay. at the same time, gasoline prices have been rising and fast. together, this cuts into the spending power of consumers, and...
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Feb 20, 2013
02/13
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WUSA
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but in the long-term picture economies tend to be talked about by the presidential terms and what the white house is worrying about is this economy which is struggling would really take a hit if the sequester took a hit over the long period of time. that in the end through history's eyes, that makes the obama economy weaker and that's not great legacy item for this prb. >> so, john, with nine days and counting and no talks scheduled on either side, do you think it's inevitable it's going to happen? >> it's inevitable we'll get to march 1st. we talk about the budget fight as game of chicken. it's really a game of uncle, which is to say who's going to cave in first. >> who wins or loses in this with each party blaming the other? >> they both lose in terms of the country looking at them. the republicans seem to be losing more. they're trying to reorder the argument here and connect with people's fundamental feeling about the size of government, especially with tax time coming, people paying these big tax bills and wondering what they're getting for it. that's the hopes. but so far they'r
but in the long-term picture economies tend to be talked about by the presidential terms and what the white house is worrying about is this economy which is struggling would really take a hit if the sequester took a hit over the long period of time. that in the end through history's eyes, that makes the obama economy weaker and that's not great legacy item for this prb. >> so, john, with nine days and counting and no talks scheduled on either side, do you think it's inevitable it's going...
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Feb 20, 2013
02/13
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CNNW
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. -- or our economy. but once again the president offered no credible plan that can pass congress -- only more calls for higher taxes. mitch mcconnell had this to say in a statement after the president's speech. quote, today's event at the white house proves once again that more than three months after the november election, president obama still prefers campaign events to commonsense, bipartisan action. if anyone is waiting for any last-minute deals, they better not hold their breath waiting for them to come from mitch mcconnell. here's what he said to reporters a week ago. >> it's pretty clear to me that the sequester is going to go into effect. read my lips. i'm not interested in 11th hour negotiation. >> so congressional republicans are definitely striking back at the president, saying he can prevent damage to essential services by cutting from other areas of government. earlier i spoke with the republican senator rand paul of kentucky. senator, the president spoke today about those forced budget cuts
. -- or our economy. but once again the president offered no credible plan that can pass congress -- only more calls for higher taxes. mitch mcconnell had this to say in a statement after the president's speech. quote, today's event at the white house proves once again that more than three months after the november election, president obama still prefers campaign events to commonsense, bipartisan action. if anyone is waiting for any last-minute deals, they better not hold their breath waiting...
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Feb 24, 2013
02/13
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WUSA
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and only the ford f-150 with ecoboost has the best combination of torque and fuel economy. think about that. introducing the new 2013 f-150. (mapolaris hasr) hunwhat you want:ail, legendary atvs led by the powerful sportsman 850 h.o., value-minded side-by-sides featuring the new ranger 800 midsize, and full-size workhorses, including the all new class-leading 60-horsepower ranger xp 900 with industry-leading torque, towing, and travel. polaris: hardest-working, smoothest-riding. craig: march madness is right around the corner. coming up, doubleheader of college basketball action. the navy takes on notre dame. followed by number four michigan state against number 18 ohio state coming up right here on cbs sports. like a point guard seeing the whole court, you have to be able to gauge all aspects of the right, don't you? shorty: for me, nobody ever taught me what to look at, but as a defensive player in basketball or in football, what i'm looking for is the rider's tip. that tells me like a defensive player learns where he is going to go. i've never asked these guys, what do y
and only the ford f-150 with ecoboost has the best combination of torque and fuel economy. think about that. introducing the new 2013 f-150. (mapolaris hasr) hunwhat you want:ail, legendary atvs led by the powerful sportsman 850 h.o., value-minded side-by-sides featuring the new ranger 800 midsize, and full-size workhorses, including the all new class-leading 60-horsepower ranger xp 900 with industry-leading torque, towing, and travel. polaris: hardest-working, smoothest-riding. craig: march...
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Feb 21, 2013
02/13
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WTTG
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. >> our economy used to be the fastest growing in the nation as a metropolitan area and we're in the bottom third. >> reporter: the battle lines remain the same while democrats blame republicans for not going along with their plan to raise higher tax revenues. >> and since the new congress began, they have not put forward one proposal to oppose, to prevent the across-the-board sequester. >> and i try to put myself in the place of the regular citizens who sits here and watchesy this and they have to be scratching their heads. >> reporter: republicans insist that deeper entealment cuts are needed and not more tax money. >> it's time to get serious about reducing washington's out- of-control spending. >> reporter: randy forbes said the white house is to blame for the sequestration crisis because he said that that created the mechanism -- mechanism in the first place. >> he signed it into law. for over a year from august 2011 through the end of the last year, the president did nothing to stop it. >> reporter: for his part, president obama hit the road in recent days, hoping to bring publ
. >> our economy used to be the fastest growing in the nation as a metropolitan area and we're in the bottom third. >> reporter: the battle lines remain the same while democrats blame republicans for not going along with their plan to raise higher tax revenues. >> and since the new congress began, they have not put forward one proposal to oppose, to prevent the across-the-board sequester. >> and i try to put myself in the place of the regular citizens who sits here and...
WHUT (Howard University Television)
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Feb 20, 2013
02/13
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WHUT
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but like everywhere else in the economy business the you have. the the world bank says it's harder to do business here, corruption and [cri make things difficult for italian workers. >> >> it's getting harder and harder to run a business here apart from the general rules and regulations, it's hard to get credit. and the economic situation is tough. there's not much money around, so starting the new business is difficult. things are going badly. we've got a domestic scrice sis thanks to domestic policies and things over the years and foreign companies which we really need don't want to come ere to invest. >> we sell sandwiches and we are in the food business that business is still ok they think, but that is absolutely not true. here in florence there are loads of restaurants, and they are closing everywhere. in fact, we are probably hit first from the crisis. people stop coming to restaurants. they eat at home. >> the structural reforms italy so needs are the common things but italians know it's one thing for their politicians to promise and quite
but like everywhere else in the economy business the you have. the the world bank says it's harder to do business here, corruption and [cri make things difficult for italian workers. >> >> it's getting harder and harder to run a business here apart from the general rules and regulations, it's hard to get credit. and the economic situation is tough. there's not much money around, so starting the new business is difficult. things are going badly. we've got a domestic scrice sis thanks...
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414
Feb 22, 2013
02/13
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WRC
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eye 414
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with abercrombie & fitch, important because it gives us a sense of how consumers worries about the economy have impacted their spending. >> jackie deangelis, thanks. >>> this 17-year-old in santa fe was throwing snowballs from his ski lift when he lost his balance, dangling from the chair and plummeting nearly five stories to the ground. the teen was air lifted off the mountain and taken to a local hospital, but he is doing all right now. we're glad he's okay. at 7:15, back to willie, natalie, savannah. >> no snowballs where you are. >> no. and salt on margaritas. >> not to rub it in. savannah went the next step. >> yeah. wow! >>> al has a look at the rest of the national forecast. hey, al. >> hey, guys. all of our friends are here. go ahead, who is here from the north? okay. show of hands, who here feels bad that they're here from the north. all right. there you go. everybody back home, we're all sending our love. let's see what we've got for you as far as our forecast. friends in the pacific northwest getting another big storm coming onshore. heavy rain and snow in the mountains along th
with abercrombie & fitch, important because it gives us a sense of how consumers worries about the economy have impacted their spending. >> jackie deangelis, thanks. >>> this 17-year-old in santa fe was throwing snowballs from his ski lift when he lost his balance, dangling from the chair and plummeting nearly five stories to the ground. the teen was air lifted off the mountain and taken to a local hospital, but he is doing all right now. we're glad he's okay. at 7:15, back...
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Feb 20, 2013
02/13
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FOXNEWSW
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eye 174
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it could happen and have an effect on our economy. >> what they do with that will impact employment in our company and certainly there will come a time where it all catches up. >> president obama bypassed congress with an executive order. hearing from police officers targeted by phillip dorner. they were at the top of corner's hit list. >> when you get a foin call and they tell you that somebody is after your family and within a very short distance of your home and they already killed somebody's daughter it made me sick to my stomach. >> we didn't want the kids to see the anguish and the hurt that we were feeling. >> he was on the board the fired dorner for falsely akiesing another officer of brutality. over ten-days christopher dorner killed 4 people. >> with the nfl combine kicking off man tie te'o hopes he isn't as invisible as his big girlfriend was to him. he says it shouldn't. what i did on the field is what i did on the field. i don't think what i did with the whole situation, i don't understand how it takes away from what i did on the field. that draft begins april 25th. >>> ai
it could happen and have an effect on our economy. >> what they do with that will impact employment in our company and certainly there will come a time where it all catches up. >> president obama bypassed congress with an executive order. hearing from police officers targeted by phillip dorner. they were at the top of corner's hit list. >> when you get a foin call and they tell you that somebody is after your family and within a very short distance of your home and they...
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Feb 20, 2013
02/13
by
KGO
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eye 200
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the president says the cuts will have a catastrophic affect on the economy. >> this is not smart or fair. they will add hundreds of thousands of americans to unemployment rolls. >> dan ashley will be the journalist interviewing the president tomorrow at the white house.omr the report live from washington will begin tonight and then, again air tomorrow rate here on abc 7 news, dan is tweeting at dan ashley abc 7. >> lots of workers, plenty of chain saws and a crane needed to clean up the mess left by a fallen 2003 in diablo. the large oak fell on to a house yesterday damaging two vehicles. here is a look at the tree aift fell yesterday. nobody was hurt. one woman said it sounded like an explosion. >> the city is moving to shut down internet cafes promising cash prizes for users. >> the city council will consider changing it's zoning laws to ban those so called sweep stakes cafes entirely. >> nick smith has more for us. >> alameda county ordered some cafes to shut down. the bureau of gambling control called some of!fww the cave yaiz illegal gambling operations but one owner i've spoken wi
the president says the cuts will have a catastrophic affect on the economy. >> this is not smart or fair. they will add hundreds of thousands of americans to unemployment rolls. >> dan ashley will be the journalist interviewing the president tomorrow at the white house.omr the report live from washington will begin tonight and then, again air tomorrow rate here on abc 7 news, dan is tweeting at dan ashley abc 7. >> lots of workers, plenty of chain saws and a crane needed to...
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Feb 20, 2013
02/13
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KTVU
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eye 108
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coming up, how those cuts could affect the economy right here in california. >>> right now 6:07 they want to go to sal, check in on the commute, hopefully there are no problems. >> it is better than it was yesterday when we had a little bit of rain and we are looking at the commute at the bay bridge and it is about an 8 to 10 minute delay and i am looking at my chp list which is nice. looking at the bridge itself, it is just a touch windy and nothing to be concerned about just both hands on the wheel. the winds are blowing everything out and we have a lot of clear visibility, you can see it in our traffic cameras. a little bit of slow traffics as you drive through. southbound 87 there is a minor accident on the shoulder, let's go to steve at 6:08. >> our low is near southern california into arizona, the cool cold dry area, there is a lot of 20s being reported, we had some okay rain. unfortunately we don't see any coming in any time soon. quarter of an inch exactly as advertised. quarter inch in napa, same in morgan hill, fremont a third, oakland a third, everybody is so close october
coming up, how those cuts could affect the economy right here in california. >>> right now 6:07 they want to go to sal, check in on the commute, hopefully there are no problems. >> it is better than it was yesterday when we had a little bit of rain and we are looking at the commute at the bay bridge and it is about an 8 to 10 minute delay and i am looking at my chp list which is nice. looking at the bridge itself, it is just a touch windy and nothing to be concerned about just...
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Feb 20, 2013
02/13
by
WUSA
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eye 73
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. >> there's a smarter way to do this, to reduce our deficits without harming our economy. but congress has to act. >> reporter: the white house wants a plan with smaller spending cuts and more tax revg news. republicans say the government is already too bloated and higher taxes should not be part of this equation. budget expert isabelle says the automatic cuts will hurt the economy,'ve though most government agencies should be able to weather them. >> most organizations can manage a cut of 5%, 7% in their budget without long-term harm. i don't mean it won't be painful. it will be. >> reporter: allen simpson and erskine bowles says people will start feeling the effects like locker lines at the airports. >> when this happens they're going come back and say we're sick of this intransjens, let's do something smart. >> reporter: they'll only have a few days when they return next week. >>> on the "cbs moneywatch" now, going on the offensive against cyber attacks, and apple gets bitten by a bug. erica ferrari is here with that and more in new york. good morning, erica? >> good mo
. >> there's a smarter way to do this, to reduce our deficits without harming our economy. but congress has to act. >> reporter: the white house wants a plan with smaller spending cuts and more tax revg news. republicans say the government is already too bloated and higher taxes should not be part of this equation. budget expert isabelle says the automatic cuts will hurt the economy,'ve though most government agencies should be able to weather them. >> most organizations can...
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Feb 21, 2013
02/13
by
MSNBC
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eye 43
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he's right, he has limited time to act, but the most immediate priority i think is the economy. they're still struggling to keep a job or find a job. i think that is his top priority far and away, but he'll have to pursue other things at the same time. the good news is that is happening and i think it's happening successfully. we see is the congress coming together on immigration like it never has in my memory. we also see great progress i think on the gun issue with mushrooming of support for universal background checks. the good news is we'll be able to tackle many issues at the same time, but the president does have to prioritize the economy and that's what he's been doing. >> joe biden has been his point man. he'll be in connecticut today, pushing some gun legislation, but realistically, looking at the way congress has been and the dearth of pleasurements they've had in any significant way, do you really think that they can deal with with the sequester and gun control legislation passed as well at the same time? >> well, it's a heavy challenge. just the sequester, frankly, i
he's right, he has limited time to act, but the most immediate priority i think is the economy. they're still struggling to keep a job or find a job. i think that is his top priority far and away, but he'll have to pursue other things at the same time. the good news is that is happening and i think it's happening successfully. we see is the congress coming together on immigration like it never has in my memory. we also see great progress i think on the gun issue with mushrooming of support for...
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Feb 20, 2013
02/13
by
WJZ
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eye 100
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asia got a boost from signs of recovery from the world's economy. tokyo's nikkei gain 1% to close at a high. hong kong's hang seng added more than half a percent. word of a possible merger between office max and office depot rallied wall street. the dow climbed nearly 54 points while the nasdaq added 21. >>> the white house will reveal today how it's going to strike back at china following a series of cyber attacks targeting the u.s. government and corporate secrets. officials say the obama administration is considering fines, penalties, and trade restrictions. a virginia-based cyber security firm discovered a secret chinese military unit behind years of u.s. cyber attacks. china has denied any involvement and claims it's been a victim of hacking, too, by the u.s. >>> and apple was the target of a hacking attack at the company's california headquarters. apple says mall ware infected a small number of its mac computers used by employees. the company says the mall ware got on the macs through a website for software developers by exploiting a security
asia got a boost from signs of recovery from the world's economy. tokyo's nikkei gain 1% to close at a high. hong kong's hang seng added more than half a percent. word of a possible merger between office max and office depot rallied wall street. the dow climbed nearly 54 points while the nasdaq added 21. >>> the white house will reveal today how it's going to strike back at china following a series of cyber attacks targeting the u.s. government and corporate secrets. officials say the...
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Feb 24, 2013
02/13
by
KNTV
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eye 268
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. >> the uncertainty of sequestration is really harming our states and national economy. >> there can't be any question. this is something nobody wants. right? it's not a balanced, thoughtful compromise. >> reporter: hope for a deal is fading but the president said today there is still time. >> these cuts don't have to happen. congress can turn them off any time with just a little compromise. >> reporter: recent polls show a majority of americans support the president's plan to avert the sequester through new taxes and spending cuts. but house republicans say they just agreed to raise taxes and this deal should be solely based on slashing spending. >> house republicans have already passed two bills to replace the president's sequester. so the question is, why won't he work with us? and the answer, quite simply, is because he wants higher taxes. >> reporter: meanwhile the obama administration is warning of dire consequences. arguing as many as 10,000 teachers could be laid off. more than 1,000 fbi agents could see cutbacks or furloughs. there could be as many as 2,100 fewer food safety i
. >> the uncertainty of sequestration is really harming our states and national economy. >> there can't be any question. this is something nobody wants. right? it's not a balanced, thoughtful compromise. >> reporter: hope for a deal is fading but the president said today there is still time. >> these cuts don't have to happen. congress can turn them off any time with just a little compromise. >> reporter: recent polls show a majority of americans support the...
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103
Feb 20, 2013
02/13
by
CNBC
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eye 103
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smaller government is essential to a prosperous economy. as the mainstream media become the president's lapdog? are they just victims of president obama? even pillars of the media establishment are starting to complain about their lack of any access to the president. now, here's some good news this evening. check out the markets, dow and s&p 500 making new five-year highs, nasdaq closed at its highest point in 12 years, easy money, rising profits, and maybe smaller government are all help stocks to rally. "the kudlow report" begins right now. >>> first up, see the president pushing the fear factor agenda, more dire warnings, our own john harwood joins us with the details. good evening. >> reporter: good evening, larry. today was a day of public posturing not only by the president, but the heads of the presidential commission from a couple years ago. first of all, the president tried to put pressure on them, who have complained that we need to only do spending cuts. he's saying, no, we need to do revenue as well to avoid some of those dire c
smaller government is essential to a prosperous economy. as the mainstream media become the president's lapdog? are they just victims of president obama? even pillars of the media establishment are starting to complain about their lack of any access to the president. now, here's some good news this evening. check out the markets, dow and s&p 500 making new five-year highs, nasdaq closed at its highest point in 12 years, easy money, rising profits, and maybe smaller government are all help...
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Feb 20, 2013
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fidelity is there for your personal economy, helping you readjust your retirement plan along the way. rethink how you're invested. and refocus as your career moves forward. wherever you are today, a fidelity ira has a wide range of investment choices to help you fine-tune your personal economy. call today and we'll make it easy to move that old 401(k) to a fidelity no-fee ira. body washes with paper that reacts like skin. if others can strip this paper, imagine how harsh they can be to your skin. oh my gosh. [ female announcer ] dove is different. its new breakthrough formula changes everything. new dove. this is care. ♪ time to jump in to something new ♪ ♪ ♪ the best part of wakin' up ♪ is folgers in your cup ii am the hero of my story.lly. ♪ the best part of wakin' up i am her hero. i am ready for tonight. i am ready for the rest of my life. let your hair color do the talking new revlon luxurious colorsilk buttercream™, ammonia free, triple butter complex of mango, shea, and coconut for superior hair color, gorgeous texture and amazing shine. try new revlon luxurious c
fidelity is there for your personal economy, helping you readjust your retirement plan along the way. rethink how you're invested. and refocus as your career moves forward. wherever you are today, a fidelity ira has a wide range of investment choices to help you fine-tune your personal economy. call today and we'll make it easy to move that old 401(k) to a fidelity no-fee ira. body washes with paper that reacts like skin. if others can strip this paper, imagine how harsh they can be to your...
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Feb 20, 2013
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they will hurt our economy. they will add hundreds of thousands of americans to the unemployment rolls. >> in his state of the union address, president obama himself admitted that these cuts were a really bad idea. what the president failed to mention was that the sequester was his idea. >> the sequester was the president's idea but it was meant for force congress to act because the cuts would be so objectionable to everyone on both sides of the aisle. >>> former congressman jesse jackson, jr. and his wife are expected to plead guilty to federal corruption charges in d.c. the couple is accused of spending more than $507,000 in campaign cash to buy personal luxury items like watches, furs and furniture. jackson resigned from the house of representatives last november. sandy jackson could get up to three years. >>> a possible change to d.c. traffic lights. how it could affect your commute. >> a huge gas explosion rocks an upscale kansas city shopping district. this morning, cadaver dog on the scene. we have an upd
they will hurt our economy. they will add hundreds of thousands of americans to the unemployment rolls. >> in his state of the union address, president obama himself admitted that these cuts were a really bad idea. what the president failed to mention was that the sequester was his idea. >> the sequester was the president's idea but it was meant for force congress to act because the cuts would be so objectionable to everyone on both sides of the aisle. >>> former...
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Feb 20, 2013
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. >> these cuts not smart, they are not fair, they will hurt our economy, they will add hundreds of thousands of americans to the unemployment roles. >> reporter: to replace the cuts, democrats in the senate propose a combination of more tax revenue from top earners, cutting agriculture subsidies and reducing defense spending after the end of combat operations in afghanistan. but house republicans refuse to support any increases in tax revenues. house speaker john boehner released a statement tuesday arguing the problem is government spending. his counterparts in the senate don't deny the consequences of the cuts will be dramatic. >> republicans deserve blame. i'll take some blame for it but the president of the united states is supposed to lead. why doesn't he call people over, and we sit down and prevent the sequestration from happening? the president is calling on congress to pass a temporary respite while negotiations on a long-term solution continue. >> i'm willing to work with anybody to get this job done. none of us will get 100 percent of what we want. >> reporter: the spending cuts w
. >> these cuts not smart, they are not fair, they will hurt our economy, they will add hundreds of thousands of americans to the unemployment roles. >> reporter: to replace the cuts, democrats in the senate propose a combination of more tax revenue from top earners, cutting agriculture subsidies and reducing defense spending after the end of combat operations in afghanistan. but house republicans refuse to support any increases in tax revenues. house speaker john boehner released a...
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Feb 21, 2013
02/13
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billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪ >>> i want to take you back to the breaking news. one child is dead and another in critical condition after a family was run over by their own car. bob barnard is live on the scene with the latest. bob. >> reporter: shawn, we just got here in the last ten minutes. this happened right in front of this family's home. behind me is a white car. you see its driver's side door is open. just before 8:00 tonight, and this man apparently got home, left the car running, then he took his two children. we'll find out their ages in a moment. he brought his two children out of the car and for some reason, the car engaged. it either moved forward or backward and struck the man and it killed one of the children. critically injured the other child and the father, apparently, escaped without too serious of an injury. that's the car. this is the park forest apartments in oxen hill. we are just off indian head highway and joining me is austi
billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪ >>> i want to take you back to the breaking news. one child is dead and another in critical condition after a family was run over by their own car. bob barnard is live on the scene with the latest. bob. >> reporter: shawn, we just got here in the last ten minutes. this happened right in front of this family's home. behind me is a...
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Feb 20, 2013
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. >> these cuts are not smart, they are not fair, they will hurt our economy. >> reporter: president obama wants to reduce the cuts with new revenue. house speaker john boehner says the debate is closed. >> republicans are not comfortable with the cuts but they want to see spending cuts implemented. >> reporter: lawmakers on home at recess are feeling the pinch. >> the american people expect us to get serious about this and we're serious about deficit reduction. >> reporter: a new deficit reduction plan bier have got to get out of that plan. >> reporter: it calls for changes to health care, social security, and the tax code. at this point, it looks like we will hit the sequester, at least for a period of time. many republicans see it as the only way to begin addressing the federal deficit. in washington, daniel lee, nbc news. >> stay with news4 for continuing coverage of the sequestration showdown as the march 1st deadline approaches. if you can't watch, you can get the latest information at nbcwashington.com. >>> virginia lawmakers, house and senate negotiators came to a deal after
. >> these cuts are not smart, they are not fair, they will hurt our economy. >> reporter: president obama wants to reduce the cuts with new revenue. house speaker john boehner says the debate is closed. >> republicans are not comfortable with the cuts but they want to see spending cuts implemented. >> reporter: lawmakers on home at recess are feeling the pinch. >> the american people expect us to get serious about this and we're serious about deficit reduction....
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Feb 20, 2013
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there is a smarter way to do this to reduce our deficit without harming our economy, but congress has to act. >> reporter: he is talking about the so-called balanced approach he wants to get some other spending cuts but also some tax increases. john boehner filing a statement, no more tax increases, he said, quote, just last month the president got his higher taxes on the wealthy and he is back for more. the american people that the revenue debate is closed. we should close loopholes in the tax code but that revenue should lower rates across the board. white house wants to reduce loopholes but to use that money to lower the deficit. bottom line, they are still at loggerheads and senior official said that it's likely these cuts will be kicking in on march 1st. >> shep: a massive fire burns a church to the ground but the pastor calls it divine intervention. top story on fox trip across america. >> shep: oklahoma, the church 90 minutes south of oklahoma city, pastor and flock moved to a similar building and put this one up for sale. since the wind was blowing to the south, pastor's house
there is a smarter way to do this to reduce our deficit without harming our economy, but congress has to act. >> reporter: he is talking about the so-called balanced approach he wants to get some other spending cuts but also some tax increases. john boehner filing a statement, no more tax increases, he said, quote, just last month the president got his higher taxes on the wealthy and he is back for more. the american people that the revenue debate is closed. we should close loopholes in...
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Feb 21, 2013
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. >> eight days from now, a tremor will hit the american economy that is both unwelcome and unnecessary. it is an across-the-board cut in spending that some estimate will cost us 750,000 american jobs. >> congressman andrews said that often catastrophes are unavoidable. this one, he said, is completely avoidable. >> shepard: of course it is. it is this bunch of people in washington on the both sides of the aisle who say, if we don't get something done by this date, sequester kicks in. you now hey they decide to stop sequester? decide it doesn't have to kick in. >> leading republicans say they're open to a compromise on spending but saying no more new taxes. the president obama called for a balanced approach and the outcome was tax increases, cantor says, quote, president obama says unless he gets a second tax hike in eight weeks he'll be forced to let criminals loose on the streets, and emergency responders will be unable to do their jobs. these are false choices. we're faced with the negative effects of the sequester because democrats have not been able to take even the smallest step t
. >> eight days from now, a tremor will hit the american economy that is both unwelcome and unnecessary. it is an across-the-board cut in spending that some estimate will cost us 750,000 american jobs. >> congressman andrews said that often catastrophes are unavoidable. this one, he said, is completely avoidable. >> shepard: of course it is. it is this bunch of people in washington on the both sides of the aisle who say, if we don't get something done by this date, sequester...
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Feb 21, 2013
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but the entire economy is headed for trouble in just eight days when massive across-the-board cuts in the federal budget are scheduled to kick in automatically. au these cuts were designed to be so deep and harmful that theyrmfu would force the president and congress to find a better way. but they haven't. just for example, there would be $46 billion cut from the defense department, and benefit cuts for 4.7 million long-term unemployed. we have two reports tonight. first, those defense cuts with david martin. >> reporter: of the 800,000 civilians who work for the work for department of defense, an estimated 700,000 would bema furloughed for one day a week.or according to the pentagon'srd chief budget officer robert hale, that would save between $4en billion and $5 billion, but itll would all come out of people's paychecks. any >> if we feel we don't have any choice but to impose furloughs even though we would much prefer not to do it. of frankly, this is within of the least-- or the most distasteful tasks i have faced in my four years in this job. >> reporter: department of defense ci
but the entire economy is headed for trouble in just eight days when massive across-the-board cuts in the federal budget are scheduled to kick in automatically. au these cuts were designed to be so deep and harmful that theyrmfu would force the president and congress to find a better way. but they haven't. just for example, there would be $46 billion cut from the defense department, and benefit cuts for 4.7 million long-term unemployed. we have two reports tonight. first, those defense cuts...
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Feb 21, 2013
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it's not going to trirg the economy. >> to drive that point home when you consider the sequester it is just a tiny slice of the pie. it shows how difficult it is to make relatively small spending cuts in washington. this represents 2-3 percent of federal out lay. >> doug luzader in washington. thank you so much, doug. >> time for an extreme weather alert. the snow already falling in wichita, kansas. look at that making a mess of the morning commute. folks could see a foot of snow by the end of today. that's all thanks to mother nature of course. janice dean is tracking the storm. this is bigger than that it is two-thirds of the country. >> what was the groundhog thinking when he predicted an early spring. 6-2 inches for a big section of the midwest. in come ca some cases we could t 16 to 24. this is the area i am concerned about we could see freezing rain and/or sleet. we have ice storm warnings we can see half an inch of ice on the roads and power lines. we have a snow event in kansas, nebraska, in towards iowa. there's the bulls eye we could see 2 feet of snow around the kansas city
it's not going to trirg the economy. >> to drive that point home when you consider the sequester it is just a tiny slice of the pie. it shows how difficult it is to make relatively small spending cuts in washington. this represents 2-3 percent of federal out lay. >> doug luzader in washington. thank you so much, doug. >> time for an extreme weather alert. the snow already falling in wichita, kansas. look at that making a mess of the morning commute. folks could see a foot of...
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Feb 20, 2013
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they will hurt our economy. they will add hundreds of thousands of americans to the unemployment roles. this is not an abstraction. people will lose their jobs. >> so there are two solutions. number one, lawmakers find another way to punt, ie delay the cuts for another month. or two come up with a major plan to slash the debt in this country. number two is not going to happen. the punt and pay, i kind of like it. that is not going to happen. number one haze decent chance but number one is a fail too. after all, the feared forced cuts are 2.5% of projected total federal spending. we have an economics professor at nyu and former director of the congressional budget office. at this point, are the cuts inevitable? why is the president still talking about it? >> well, we're ten days away and it seems like the republicans really don't want to do anything to fend off this crisis. you said sequester is an odd word. in a lot of languages, it means kidnap. it's sort of a kidnap situation because the economy is kidnapped,
they will hurt our economy. they will add hundreds of thousands of americans to the unemployment roles. this is not an abstraction. people will lose their jobs. >> so there are two solutions. number one, lawmakers find another way to punt, ie delay the cuts for another month. or two come up with a major plan to slash the debt in this country. number two is not going to happen. the punt and pay, i kind of like it. that is not going to happen. number one haze decent chance but number one is...